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Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

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Share Price: 1,810.00
Bid: 1,811.00
Ask: 1,811.50
Change: 0.00 (0.00%)
Spread: 0.50 (0.028%)
Open: 1,805.00
High: 1,812.50
Low: 1,797.00
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UPDATE 2-AstraZeneca antibody cocktail succeeds in late-stage study to treat COVID-19

Mon, 11th Oct 2021 07:52

(Adds detail on rival treatments)

By Yadarisa Shabong and Sachin Ravikumar

Oct 11 (Reuters) - AstraZeneca's experimental
COVID-19 drug has helped cut the risk of severe disease or death
in a late-stage study, the British drugmaker said on Monday, a
boost to its efforts to develop coronavirus medicines beyond
vaccines.

The drug, a cocktail of two antibodies called AZD7442,
reduced the risk of severe COVID-19 or death by 50% in
non-hospitalised patients who have had symptoms for seven days
or less, meeting the main goal of the study.

AstraZeneca's therapy, delivered via injection, is the first
of its kind to show promise both as a preventative medicine and
as a treatment for COVID-19 following multiple trials. It is
designed to protect people who do not have a strong enough
immune response to vaccines.

"These positive results show that a convenient intramuscular
dose of AZD7442 could play an important role in helping combat
this devastating pandemic," Hugh Montgomery, the trial's
principal investigator, said in a statement.

Similar therapies made with a class of drugs called
monoclonal antibodies are being developed by Regeneron,
Eli Lilly and GlaxoSmithKline with partner Vir
. These therapies are approved for emergency use in the
United States for treating mild-to-moderate COVID-19.

AstraZeneca, whose COVID-19 vaccine has been widely used
globally, asked U.S. regulators last week to grant emergency use
authorisation for AZD7442 as a preventative therapy.

AstraZeneca is submitting data from various AZD7442 studies
to global health regulators, a spokeswoman said on Monday.

"We'll be continuing discussions with regulators around this
new data," she said of Monday's trial results.

The trial took place across 13 countries and involved more
than 900 adult participants, with one half receiving AZD7442 and
the rest a placebo. Full trial results will be submitted for
publication in a peer-reviewed journal, AstraZeneca said.

AZD7442 contains laboratory-made antibodies designed to
linger in the body for months to contain the virus in case of an
infection. A vaccine, in contrast, relies on an intact immune
system to develop targeted antibodies and infection-fighting
cells.

"An early intervention with our antibody can give a
significant reduction in progression to severe disease, with
continued protection for more than six months," said Mene
Pangalos, executive vice president at AstraZeneca.

While Monday's results cover the use of AZD7442 in
non-hospitalised patients, a separate trial is also studying its
use as a treatment for hospitalised COVID-19 patients.

Other antibody cocktail treatments for COVID-19 have shown
varied degrees of success.

Regeneron's therapy showed 72% protection against
symptomatic infection in the first week, and 93% after that.
GSK-Vir's showed a 79% reduction in the risk of hospitalisation
or death due to any cause, while Lilly's therapy showed a 70%
reduction in viral load at day seven compared to a placebo.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by
Saumyadeb Chakrabarty, Kirsten Donovan)

More News
22 Jan 2024 17:08

Fate of most remaining Zantac lawsuits weighed by Delaware judge

Jan 22 (Reuters) - GSK, Pfizer and other pharmaceutical companies will urge a judge in Delaware this week to find that evidence plaintiffs' lawyers want to use in about 72,000 lawsuits claiming that the discontinued heartburn drug Zantac caused cancer is not supported by science.

Read more
22 Jan 2024 09:34

IN BRIEF: Oxford Nanopore appoints Keher to CFO as Cowper becomes COO

Oxford Nanopore Technologies - Oxford, England-based company specialising in nanopore DNA-sequencing - Appoints Nick Keher as chief financial officer and director, effective immediately. Keher will replace Tim Cowper as he moves into a new role as Oxford Nanopore's chief operating officer. The company says that Cowper has been performing the majority of COO duties for the past five years, and that he will lead the company's efforts to expand its international footprint. The company also says that new CFO Keher possesses "significant experience of financial leadership of complex, scientific businesses", having served in similar roles at Clinigen Group PLC, BenevolentAI SA, Royal Bank of Canada, Investec PLC and GSK PLC.

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17 Jan 2024 09:38

UPDATE: GSK raises GBP978 million as cuts stake in Haleon to 4.2%

(Alliance News) - GSK PLC early Wednesday confirmed it agreed to sell 300 million shares in Haleon PLC, reducing its remaining stake in the consumer healthcare products spin-off to just 4.2%.

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17 Jan 2024 08:05

GSK raises £978m through Haleon share sale

(Sharecast News) - GSK said on Wednesday that it has raised around £978m from the sale of shares in Haleon.

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17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

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17 Jan 2024 07:31

GSK raises $1.24 bln from latest Haleon stake sale

Jan 17 (Reuters) - GSK has raised 978 million pounds ($1.24 billion) from a discounted sale of a stake in its spun-off consumer healthcare business Haleon, the British drugmaker said on Wednesday.

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16 Jan 2024 17:04

GSK to sell GBP1 billion worth of Haleon shares as trims stake again

(Alliance News) - GSK PLC on Tuesday said it intends to sell around GBP1.00 billion worth of shares in Haleon PLC, as it continues to reduce its shareholding in the Weybridge, Surrey-based consumer healthcare spin-off.

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16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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16 Jan 2024 08:15

UBS downgrades AstraZeneca to 'sell'

(Sharecast News) - UBS has downgraded AstraZeneca and upgraded rival GSK as part of its latest review of the European pharmaceutical sector.

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16 Jan 2024 07:37

LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

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15 Jan 2024 08:42

Zantac fallout unfairly weighing on GSK, says Shore Capital

(Sharecast News) - Shore Capital has raised its target price and maintained a positive stance on biopharma giant GSK, saying that worries about the potential cost of Zantac litigation are unfairly weighing on the stock.

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10 Jan 2024 09:35

LONDON BROKER RATINGS: BofA cuts Ashtead; UBS likes 3i Group

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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10 Jan 2024 08:25

GSK says Nucala gets green light in China for asthma treatment

(Alliance News) - GSK PLC on Wednesday said Nucala has been approved in China for the treatment of severe asthma.

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10 Jan 2024 07:22

GSK's Nucala gets fresh approval in China

(Sharecast News) - GSK announced on Wednesday that the China National Medical Products Administration (NMPA) has granted approval for 'Nucala', or mepolizumab, as an add-on maintenance treatment for severe eosinophilic asthma in adults and adolescents aged 12 years and older.

Read more
9 Jan 2024 16:22

London close: Stocks finish red after choppy session

(Sharecast News) - London stocks had turned back into the red by the close on Tuesday, with recruitment firms and asset managers pacing the declines after some disappointing corporate updates.

Read more

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